拥抱变革：义乌商户试水稳定币收款

Core Insights - Yiwu International Trade City is the world's largest small commodity distribution center, attracting over 560,000 foreign buyers annually and exporting to 233 countries and regions [1] - There are rumors that over 3,000 merchants in Yiwu are using stablecoins like USDT for payments, with monthly transaction volumes exceeding $10 billion, although many merchants remain unfamiliar with stablecoins [1][2] - Stablecoins are digital assets pegged to fiat currencies, offering advantages in cross-border payments, with transaction times reduced to about 2 minutes compared to traditional wire transfers that take 2-3 business days [1] - The on-chain stablecoin transaction volume in Yiwu is estimated to exceed $10 billion in 2023, indicating significant potential for application in specific trade scenarios [1] Merchant Adoption - Despite limited awareness, some merchants are beginning to accept stablecoin payments, often converting them to fiat through intermediaries, incurring exchange costs of about 3%-5% [2] - Traditional settlement methods remain dominant, influenced by export tax rebate policies, with Yiwu's total export tax rebates reaching 12.071 billion yuan in 2023, a year-on-year increase of 14.78% [2] - Concerns about compliance and potential anti-money laundering scrutiny are prevalent among merchants regarding stablecoin usage [2] Regulatory and Market Infrastructure - Zhejiang China Commodity City Group has expressed interest in the regulatory framework for stablecoins in Hong Kong and plans to apply for a license once regulations are clarified [2] - The success of stablecoins in Yiwu's traditional small commodity trade ecosystem depends on covering exchange costs and compliance risks, as well as the improvement of regulatory frameworks and market infrastructure [3]